Michael Saylor: Bitcoin Expected to Become a $200 Trillion Asset Class and Global Settlement Layer

Michael Saylor, founder of Strategy, expects BTC to become a $200 trillion asset class by 2024 and a global clearinghouse in the age of the AI-driven internet, with the U.S.'s adoption of the Strategic Reserve of Bitcoin cementing its dominance and forcing it to be adopted globally, CoinDesk reports.

Strategy has used $33 billion to accumulate over 500,000 bitcoins using innovative financial instruments such as convertible bonds and preferred stock to fund its corporate bitcoin capital while financially engineering a self-sustaining cycle of price increases.

Michael Saylor has stated that he will destroy the BTC before he dies rather than donate the assets, as this is a more ethical and reasonable form of charity and will give Bitcoin ‘economic immortality’ that will make everyone in the Bitcoin network richer and more powerful.